NETWEALTH GROUP LIMITED (NWL)
Share Price Analysis and Chart

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NWL

NWL - NETWEALTH GROUP LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Diversified Financials
Debt/EBITDA: 0.09
Index: ASX200 | ASX300 | ALL-ORDS

Netwealth is an Australian financial platform operator offering superannuation, retirement, investment and managed account facilities. Founded in 1999 it became a listed company in 2017.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$23.56

30 Apr
2026

-0.070

OPEN

$23.46

-0.30%

HIGH

$23.84

300,867

LOW

$23.36

TARGET
$28.414

-0.29 change from previous day

 20.6% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . BVS . CGF . CVW . DJW . ENN . GDG . GQG . HMC . HUB . IFT . IRE . KAM . KSL . MAF . MFG . MQG . NGI . PAC . PNI . PPS . PPT . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
NWL: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 47.6 49.9 xxx
DPS (cps) xxx 38.5 43.3 xxx
EPS Growth xxx 39.4% 4.8% xxx
DPS Growth xxx 37.5% 12.5% xxx
PE Ratio xxx N/A 47.0 xxx
Dividend Yield xxx N/A 1.8% xxx
Div Pay Ratio(%) xxx 80.8% 86.8% xxx

Dividend yield today if purchased 3 years ago: 2.80%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.64

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 03/09 - ex-div 21.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx47.6
DPS All xxxxxxxxxxxxxxx38.5
Sales/Revenue xxxxxxxxxxxxxxx316.4 M
Book Value Per Share xxxxxxxxxxxxxxx81.3
Net Operating Cash Flow xxxxxxxxxxxxxxx126.8 M
Net Profit Margin xxxxxxxxxxxxxxx36.83 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx67.81 %
Return on Invested Capital xxxxxxxxxxxxxxx63.27 %
Return on Assets xxxxxxxxxxxxxxx52.16 %
Return on Equity xxxxxxxxxxxxxxx67.81 %
Return on Total Capital xxxxxxxxxxxxxxx80.46 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx48.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx2 M
Long Term Debt xxxxxxxxxxxxxxx12 M
Total Debt xxxxxxxxxxxxxxx14 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx173 M
Price To Book Value xxxxxxxxxxxxxxx41.33

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx7.9 M
Capex % of Sales xxxxxxxxxxxxxxx2.50 %
Cost of Goods Sold xxxxxxxxxxxxxxx124 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx42 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.6

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

17/04/2026

2

Accumulate

$29.00

23.09%

Morgans notes Netwealth Group's 3Q26 net flows of $3.96bn were slightly better than expected, a 5% beat, but ongoing market volatility impacted performance, with funds under administration flat q/q at $124.8bn, below the consensus forecast of $129.8bn.

Net inflows for the quarter rose 14.8% y/y, while gross outflows of -$7.6bn were up 19.4% y/y and were lifted by the transition of one institutional client at -$0.4bn.

Member accounts grew 2.6% q/q and up 13.4% y/y. No change to the $29 target and Accumulate rating. Net profit after tax forecasts are tweaked lower for FY26-FY28.

FORECAST
Morgans forecasts a full year FY26 dividend of 43.00 cents and EPS of 26.00 cents.
Morgans forecasts a full year FY27 dividend of 48.00 cents and EPS of 59.00 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Canaccord Genuity

16/04/2026

1

Buy

$28.35

20.33%

Canaccord Genuity maintains a Buy rating and reduces its price target to $28.35 following record 3Q custodial inflows of $3.9bn.

The broker observes business momentum remains strong despite near-term market uncertainty impacting average account balances.

Operational metrics show 41 new financial intermediaries joined the platform, indicating negligible reputational damage from exposure to the First Guardian scandal.

Forecasts for net profit after tax are revised downwards by -0.7% for FY26 and -1.3% for FY27 due to an estimated lower market impact.

The company expects to maintain software capital expenditure of approximately -$12m while targeting an underlying earnings margin of 49% for FY26.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 45.50 cents and EPS of 55.50 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 47.20 cents and EPS of 55.00 cents.
Access Extra Coverage Research History >

NWL STOCK CHART

FNArena News on NWL

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